Coron

Coron is a picturesque island municipality located in Palawan, Philippines, situated within the Calamian Islands archipelago. The destination is celebrated for its dramatic limestone karst formations, pristine turquoise waters, and exceptional biodiversity both above and below the surface. The main town of Coron serves as the gateway and commercial center for the region, offering essential services and accommodations while maintaining a relaxed tropical atmosphere. The island is a premier diving and snorkeling destination, featuring numerous underwater attractions including several well-preserved World War II Japanese shipwrecks that have become iconic dive sites. Beyond water-based activities, Coron boasts remarkable inland features such as Kayangan Lake, Barracuda Lake, and natural hot springs surrounded by verdant vegetation. The landscape is dominated by steep limestone cliffs and dense tropical forests that create a dramatic and scenic environment. Local communities maintain traditional fishing practices and indigenous cultural heritage alongside the growing tourism industry. The culinary scene emphasizes fresh seafood and traditional Filipino dishes prepared with local ingredients. Coron has developed modern tourism infrastructure including diverse accommodation options, restaurants, and tour operators while preserving much of its natural character. The island's remote location in the Palawan region contributes to its pristine condition and appeal as an unspoiled destination. The atmosphere is characterized by a slower pace of life, making it attractive for travelers seeking tranquility and natural beauty.

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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

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SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.

Visa & Residency

The process of obtaining a residency in the Philippines varies depending on the type of visa applied for. The Special Resident Retiree's Visa (SRRV) is a popular option for expatriates and retirees. To qualify for the SRRV, applicants must meet certain age and deposit requirements, which vary depending on the chosen SRRV option. For instance, the SRRV Smile requires a deposit of $20,000 in a Philippine bank for applicants 35 years old and above. The SRRV Classic, on the other hand, requires a deposit of $10,000 for those 50 years old and above with a pension, or $20,000 without a pension. This visa grants indefinite stay with multiple-entry privileges as long as the deposit is maintained. Another common visa for expatriates working in the Philippines is the 9(g) Pre-arranged Employment Visa, which is tied to an offer of employment from a Philippine-based company. The process involves securing an Alien Employment Permit, a No Objection Certificate, and other clearances before the visa application can be filed with the Bureau of Immigration. The 9(g) visa is typically valid for one to three years and is extendable as long as the employment persists. The application process for residency visas in the Philippines can be average in terms of difficulty. It involves gathering various documents, such as police clearances, medical certificates, and proof of financial capacity. The applicant must also attend a hearing and interview at the Bureau of Immigration. The processing time can vary, and it is advisable to seek assistance from a legal professional or a visa agent to navigate the complexities of the process. Overall, while there are several steps involved, the Philippines offers a range of visa options to suit different needs, and with proper guidance, obtaining a residency visa can be a manageable task.

Cost of Living

The cost of living in Coron is high, particularly for visitors and expatriates, due to its status as a premium tourist destination and the expenses associated with importing goods to a remote island location. Accommodation, dining, and recreational activities command elevated prices compared to mainland Philippines. Local residents may experience lower costs for basic necessities, but tourism-driven pricing significantly impacts overall expenses. The island's limited accessibility and infrastructure maintenance requirements contribute to the elevated cost structure.

Weather

Coron has a tropical climate with a dry season from October to mid-June and a wet season from mid-June to September, with temperatures typically ranging from 25°C to 32°C.

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